The Bank of Lithuania invites financial innovators to participate in the creation of a RegTech solution which would allow the supervisor to automatically obtain data required for supervisory purposes, thus reducing the administrative burden for market participants.
Fintech company ClauseMatch that provides regulatory technology has started its operation Singapore, marking its entry in the Asia-Pacific (APAC) market. ClauseMatch is a London headquartered company that offers SaaS solutions, allows financial institutes to streamline regulatory change management by organizing internal policies, controls, and functions. The firm also deploys AI and machine learning to automate compliance processes.
KPMG has found that global fintech funding rose by 120 percent to $111.8B in 2018 from $50.8B in 2017, mainly driven by mega M&A and buyout deals such as Blackstone’s $17B investment in Refinitiv in H2’18 and the $12.86B acquisition of WorldPay by Vantiv in H1’18.
FINRA, or the Financial Industry Regulatory Authority, put out a white paper in September 2018 identifying these areas, and that white paper was discussed in the most recent FINRA podcast, Unscripted.
Exceptional market volatility generated an unprecedented amount of processing volume for FINRA in 2018 – 66.7 billion electronic records per day, an 87.4 percent increase over the average daily volume in 2017.
A speech by John Price, Commissioner, Australian Securities and Investments Commission at the Monash Centre For Commercial Law and Regulatory Studies Symposium, (Melbourne, Australia) 12 November 2018
As Hirko explained, companies which employ algorithms- which means nearly every trading firm- won’t have success unless it is able to process as much data as possible properly.
The job of creating algorithms, Hirko explains, is done generally by B23’s clients, and B23 partners up by helping these companies process more data properly.
“(B23) Engineering the data so it fits neatly into those algorithms,” Hirko said.
Stater Global Markets, an FCA regulated Prime of Prime brokerage, has appointed FX industry veteran Ashraf Agha as a Strategic Advisor to the company.
FX brokerage group Gain Capital Holdings has gone live with regtech firm Eventus’ cloud-based version of the Validus platform to manage the market surveillance program for its futures operation.
The Luxembourg Commission de Surveillance du Secteur Financier (CSSF) and the Australian Securities and Investments Commission (ASIC) today signed a Cooperation Agreement on Fintech and Regtech